Everest Financial Group LLC Has $10.95 Million Stock Holdings in ServiceNow, Inc. $NOW

Everest Financial Group LLC grew its stake in ServiceNow, Inc. (NYSE:NOW) by 18.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 104,769 shares of the information technology services provider’s stock after acquiring an additional 16,481 shares during the period. ServiceNow accounts for approximately 1.8% of Everest Financial Group LLC’s holdings, making the stock its 13th largest position. Everest Financial Group LLC’s holdings in ServiceNow were worth $10,954,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of NOW. Wealth Watch Advisors INC acquired a new position in ServiceNow during the third quarter valued at approximately $29,000. Kelleher Financial Advisors acquired a new position in shares of ServiceNow during the 3rd quarter worth approximately $50,000. Pin Oak Investment Advisors Inc. increased its position in shares of ServiceNow by 20.7% during the 3rd quarter. Pin Oak Investment Advisors Inc. now owns 134 shares of the information technology services provider’s stock worth $123,000 after purchasing an additional 23 shares during the last quarter. Jupiter Wealth Management LLC bought a new stake in shares of ServiceNow during the 2nd quarter worth approximately $154,000. Finally, CBIZ Investment Advisory Services LLC boosted its holdings in shares of ServiceNow by 540.0% in the 4th quarter. CBIZ Investment Advisory Services LLC now owns 160 shares of the information technology services provider’s stock valued at $25,000 after buying an additional 135 shares during the last quarter. Institutional investors and hedge funds own 87.18% of the company’s stock.

Key ServiceNow News

Here are the key news stories impacting ServiceNow this week:

• Positive Sentiment: ServiceNow’s Q2 results showed robust growth, with revenue up about 24% year over year and subscription revenue accelerating, reinforcing that demand for its platform remains strong. Article Title
• Positive Sentiment: Management raised guidance and highlighted AI momentum, including AI contract value topping $1 billion and expanding enterprise adoption, which supports the case for continued growth. Article Title
• Positive Sentiment: Several analysts raised or reaffirmed bullish ratings and price targets after earnings, reflecting renewed confidence in ServiceNow’s outlook and valuation upside. Article Title
• Positive Sentiment: New partnerships and channel expansions, including deals with Experian, TeamViewer, and Exclusive Networks, suggest broader adoption of ServiceNow’s AI and cybersecurity offerings. Article Title
• Neutral Sentiment: Investors are also watching mixed signals from insider and institutional trading, with some large funds trimming positions even as others add shares; this appears more like portfolio rebalancing than a clear fundamental warning. Article Title
• Negative Sentiment: Despite the earnings beat, some commentary says the stock’s rally may be vulnerable if AI disruption fears return, especially around usage-based pricing and long-term software demand. Article Title

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on NOW shares. The Goldman Sachs Group reissued a “buy” rating and issued a $145.00 target price (down from $163.00) on shares of ServiceNow in a research note on Wednesday, July 8th. Morgan Stanley set a $180.00 price target on shares of ServiceNow in a research note on Tuesday. CLSA began coverage on shares of ServiceNow in a research report on Monday, July 20th. They issued an “underperform” rating and a $72.00 price objective for the company. Argus lowered their price objective on shares of ServiceNow from $180.00 to $134.00 and set a “buy” rating on the stock in a research note on Friday, April 24th. Finally, Barclays reaffirmed an “overweight” rating and issued a $134.00 target price (up from $132.00) on shares of ServiceNow in a report on Tuesday, May 5th. One investment analyst has rated the stock with a Strong Buy rating, thirty-six have given a Buy rating, two have given a Hold rating and three have given a Sell rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $143.39.

Insider Transactions at ServiceNow

In other news, insider Paul Fipps sold 1,048 shares of the business’s stock in a transaction that occurred on Monday, May 18th. The stock was sold at an average price of $98.51, for a total transaction of $103,238.48. Following the completion of the sale, the insider owned 12,072 shares in the company, valued at $1,189,212.72. The trade was a 7.99% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. The sale was made to cover tax withholding obligations related to the vesting of equity awards. Also, Director Anita M. Sands sold 16,445 shares of the company’s stock in a transaction that occurred on Thursday, May 14th. The shares were sold at an average price of $90.14, for a total value of $1,482,352.30. Following the completion of the transaction, the director directly owned 30,090 shares in the company, valued at $2,712,312.60. The trade was a 35.34% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 19,144 shares of company stock worth $1,730,097 over the last quarter. Company insiders own 0.34% of the company’s stock.

ServiceNow Stock Performance

NYSE NOW opened at $98.77 on Friday. The stock has a market cap of $101.83 billion, a PE ratio of 61.73, a P/E/G ratio of 1.65 and a beta of 0.96. The company has a debt-to-equity ratio of 0.43, a quick ratio of 0.84 and a current ratio of 0.70. The firm has a 50-day moving average of $104.77 and a 200-day moving average of $107.70. ServiceNow, Inc. has a 52-week low of $81.24 and a 52-week high of $201.15.

ServiceNow (NYSE:NOW) last announced its quarterly earnings results on Wednesday, July 22nd. The information technology services provider reported $0.90 EPS for the quarter, beating analysts’ consensus estimates of $0.86 by $0.04. The business had revenue of $3.99 billion for the quarter, compared to analyst estimates of $3.93 billion. ServiceNow had a net margin of 11.34% and a return on equity of 16.45%. ServiceNow’s quarterly revenue was up 24.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.81 EPS. On average, sell-side analysts anticipate that ServiceNow, Inc. will post 2.33 EPS for the current year.

About ServiceNow

ServiceNow (NYSE: NOW) is a cloud computing company that builds enterprise software to manage digital workflows and automate business processes. Its offerings are designed to replace manual work and legacy systems with cloud-based, service-oriented applications that support IT operations, customer service, human resources, security response and other enterprise functions.

The company’s flagship product family is the Now Platform, a suite of subscription software and platform services that includes IT Service Management (ITSM), IT Operations Management (ITOM), IT Business Management (ITBM), Customer Service Management (CSM), HR Service Delivery, Security Operations and Asset Management.